CVS FCF Yield: current value, 10-year range and year-by-year history
Cash & Leverage
CVS's fcf yield is lower than 65% of the last 10 years.
FCF Yield History
CVS FCF Yield by year
Yearly range of CVS’s fcf yield from 2016 to 2026. Over the full period it ranged from 2.0% to 21.1%, averaging 10.7%.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 5.5% | 7.8% | 9.9% | 9.5% |
| 2025 | 4.9% | 6.9% | 11.3% | 7.7% |
| 2024 | 2.0% | 7.6% | 12.0% | 11.2% |
| 2023 | 11.0% | 15.8% | 21.1% | 11.1% |
| 2022 | 10.6% | 12.8% | 16.9% | 15.9% |
| 2021 | 10.0% | 12.2% | 15.0% | 11.4% |
| 2020 | 10.4% | 14.5% | 18.3% | 14.9% |
| 2019 | 8.3% | 10.3% | 13.0% | 10.7% |
| 2018 | 5.2% | 7.3% | 9.9% | 9.3% |
| 2017 | 8.8% | 10.9% | 12.4% | 11.1% |
| 2016 | 6.9% | 9.8% | 11.5% | 10.8% |
Free cash flow generated divided by market capitalisation. Often more reliable than earnings yield because it reflects actual cash — harder to inflate through accounting choices.
Free Cash Flow / Market Cap × 100%Think of it as the "cash earnings yield" on your investment. High FCF yield vs history suggests the market may be undervaluing the company's real cash generation ability.
- FCF can be lumpy year-to-year due to irregular capex or working capital swings. Look at 3–5 year trends, not single-year readings.
- Businesses intentionally reinvesting for growth will show low or negative FCF yield by design — this metric is less useful for high-growth phase companies.
Is CVS FCF Yield High or Low Right Now?
CVS Health Corporation's FCF Yield is currently 9.5%, which is below average relative to its 10-year historical range. The 10-year median FCF Yield for CVS is approximately 10.8%. See all CVS valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.